Insider Selling: Navitas Semiconductor (NASDAQ:NVTS) Director Sells $3,704,193.92 in Stock

Navitas Semiconductor Corporation (NASDAQ:NVTS) Director Ranbir Singh sold 389,096 shares of the business’s stock in a transaction dated Thursday, February 26th. The stock was sold at an average price of $9.52, for a total value of $3,704,193.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Ranbir Singh also recently made the following trade(s):

• On Friday, December 12th, Ranbir Singh sold 179,354 shares of Navitas Semiconductor stock. The stock was sold at an average price of $8.68, for a total transaction of $1,556,792.72.

Navitas Semiconductor Stock Performance

NASDAQ NVTS traded up $0.55 during trading on Monday, hitting $9.55. The company’s stock had a trading volume of 14,638,080 shares, compared to its average volume of 18,352,082. The firm has a 50 day moving average price of $8.95 and a 200 day moving average price of $8.70. Navitas Semiconductor Corporation has a 52 week low of $1.52 and a 52 week high of $17.79.

Navitas Semiconductor (NASDAQ:NVTS) last announced its quarterly earnings results on Tuesday, February 24th. The company reported ($0.05) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.05). Navitas Semiconductor had a negative net margin of 254.71% and a negative return on equity of 15.27%. The firm had revenue of $7.30 million for the quarter, compared to analyst estimates of $6.95 million. During the same quarter in the previous year, the firm posted ($0.06) EPS. The business’s revenue for the quarter was down 59.4% on a year-over-year basis. On average, equities analysts expect that Navitas Semiconductor Corporation will post -0.51 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Needham & Company LLC increased their price target on Navitas Semiconductor from $8.00 to $13.00 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Rosenblatt Securities cut their price objective on shares of Navitas Semiconductor from $8.00 to $7.00 and set a “neutral” rating on the stock in a report on Wednesday, February 25th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Navitas Semiconductor in a research note on Thursday, January 22nd. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $6.32.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Allworth Financial LP lifted its position in Navitas Semiconductor by 309.4% during the 3rd quarter. Allworth Financial LP now owns 3,570 shares of the company’s stock worth $26,000 after buying an additional 2,698 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Navitas Semiconductor by 189.8% in the 2nd quarter. NewEdge Advisors LLC now owns 4,492 shares of the company’s stock valued at $29,000 after acquiring an additional 2,942 shares during the period. CWM LLC lifted its position in Navitas Semiconductor by 24.7% during the third quarter. CWM LLC now owns 4,515 shares of the company’s stock worth $33,000 after acquiring an additional 893 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Navitas Semiconductor by 116.5% during the fourth quarter. GAMMA Investing LLC now owns 4,736 shares of the company’s stock worth $34,000 after acquiring an additional 2,548 shares during the period. Finally, Parkside Financial Bank & Trust grew its position in shares of Navitas Semiconductor by 1,376.3% in the third quarter. Parkside Financial Bank & Trust now owns 5,285 shares of the company’s stock valued at $38,000 after purchasing an additional 4,927 shares during the last quarter. Institutional investors and hedge funds own 46.14% of the company’s stock.

About Navitas Semiconductor

Navitas Semiconductor is a fabless semiconductor company specialized in gallium nitride (GaN) power integrated circuits. The company’s core mission centers on delivering high-efficiency, high-power-density power solutions that address the needs of modern electronic devices, ranging from fast chargers for consumer electronics to industrial and automotive power systems.

Navitas offers a portfolio of GaNFast power ICs designed to replace traditional silicon-based power components. These products integrate GaN transistors, drivers and protection features into single-chip solutions, enabling faster charging, reduced energy loss and smaller power supply footprints.